EUR/USD may fall 17 - 32 pips

Pivot

1.0830

Our preference

Short positions below 1.0830 with targets at 1.0800 & 1.0785 in extension.

Alternative scenario

Above 1.0830 look for further upside with 1.0845 & 1.0860 as targets.

Comment

As long as the resistance at 1.0830 is not surpassed, the risk of the break below 1.0800 remains high.

Supports and resistances

1.0860

1.0845

1.0830

1.0817 Last

1.0800

1.0785

1.0770

Number of asterisks represents the strength of support and resistance levels.